New Issue: UBS prices $4.3 million trigger optimization securities linked to gold

By Susanna Moon

Chicago, Dec. 28 - UBS AG, Jersey Branch priced $4.3 million of 0% trigger optimization securities due Dec. 31, 2014 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the price of gold, up to a maximum return of %.

Investors will receive par if the price of gold falls by up to 20% and will be fully exposed to any losses if the price of gold falls below the trigger level.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, Jersey Branch
Issue:	Trigger optimization securities
Underlying asset:	Gold
Amount:	$4,302,000
Maturity:	Dec. 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in gold price, capped at 20%; par if gold price is at or above trigger level; otherwise, full exposure to losses
Initial spot price:	$1,651.50
Trigger spot price:	$1,321.20, 80% of initial price
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	902669530

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